Nortel Names Zafirovski New CEO
Ray Le Maistre writes in Light Reading:
Mike Zafirovski, 51, is to be the new president and CEO of Nortel Networks Ltd., replacing 65-year-old Bill Owens on November 15.
Zafirovski's name has been linked with the position for nearly a year, becoming a chief contender after leaving Motorola Inc., where he was chief operating officer.
In a prepared statement, Nortel's chairman Harry J. Pearce said Zafirovski is "the right leader to build on the important work of Bill Owens -- and take Nortel to the next level."
Having endured a damaging accounting scandal as it tried to cope with the telecom downturn, Nortel is now trying to restructure itself to attack growth markets like the large enterprise sector.
posted by Fergie @ 10/17/2005 08:27:00 AM
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